Glengormley Presbyterian Church Financlal Statements for the year ended 31 December 2024 Charity Nos: XN47210 NI Charity Commission Registration No: 104317 Glengorniley Presbyterian Church Contsnts Page Contents Independent Examlners. report statement of Congregatlonal Commlttee statement of Flnanclal Actlvltles Balance sheet Notes to the flnanclal statements 7-10 The followlng pages do not form part of the Flnanclal Statements Detslled Statement of Flnanclal Actlvltles 11-17 Page 1 Glengormley Presbyterian Church Independent Examlner's Report to the Congregational Committee of Glengormley Presbyterian Church Congregation We report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 10. RESPEcfIvE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible for the preparation of the accounts. The charity's trustees conslder that an audlt is not required for this year under section 65(1) of the Charities Act (Northern Ireland) 2008 and that an independent examination Is needed. Havlng satlsfled ourselves that the charlty Is not subject to audlt under charlty law, and is ellglble for independent examinatlon, it is our responsibility to: (i) examine the accounts under section 65 of the Charities Act. (11) follow the procedures laid down in the general Directions given by the Charlty Commission for Northem Ireland under sectlon 65(9)(b) of the Charities Act. (ill) state whether partlcular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT Our examinatlon was carried out in accordance wlth the general Dlrectlons given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderation of any unusual items or dlsclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqUI￿d in an audit and consequently no opinion Is given as to whether the accounts present a 'true and fair view, and the report is Ilmited to those matters set out in the statement below. We have examined your charity accounts as required under section 65 of the Charfties Act and our examination was carried out in accordance wlth the general Directions given by the Charity Commission for Northern Ireland under settion 65(9)(b) of the Charities Art. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees con￿MIng any such matters. Page 2 Glengormley Presbyterian Church Independent Examiner's Report to the Congregational Committee of Glengormley Presbyterian Church Congregation Our role is to state whether any material matters have come to our attention, glvlng us cause to believe: That accounting records were not kept In accordance wlth settion 63 of the Charlties Act (Northern Ireland) 2008; That the accounts do not accord wlth those accounting records. That the accounts do not comply with the accounting requlrement5 of settion 68 of the Charities Act (Northern Ireland) 2008 and with the methods and principles of the Charities Staternent of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland 4 That there Is further informatlon needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT We can confirm that we are qualified to undertake the examlnatlon because we are registered member of Chartered Accountants Ireland, which Is one of the Ilsted bodles. We have completed our examlnatlon and have no concerns in respett of the matters (l) to (4) Ilsted above and, in connection with followlng the Dlrections of the Charity Commission for Northem Ireland, we have found no matters that requlre drawlng to your attention. Teresa Campbell AAB Group Accountants Limited Independent Examiners Date: ?/J/zf Paga 3 Glengormley Presbyterian Church Statement of Congregational Committee's responsibilitles for the Financial Statements The purpose of thls statement is to distinguish the Congregational Committee's responsibilities for the accounts from those of the independent examiners as stated in their report. The Co(le permits the Congregational Committee to prepare accounts for each financial vear which give a true and fair view of the congregation's financial activities during the year and of Its flnanclal positlon at the end of the year. In preparlng the finanaal statements the congregatlonal commlttee should follow best practice and: selett suitable accounting policies and apply them conslstentlyi make judgements and estlmates that are reasonable and prudent. follow the recommendatlons of the accounting professional with ￿gard to the form and content of the financlal statements, or to disclose and explaln any departures therefrom. and prepare financial statements on the golng concern basis, unless it is inappropriate to assume that the congregation will be able to continue to meet Its obligatlons. The congregational committee are responsible for keeping proper accounting records of all the congregational transactions which disclose with reasonable accuracy the financlal positlon of the congregation and whlch enable them to ensure that the fjnanclal ststements comply wlth the dlsclosure regulations. They are also responsible for safeguarding the congregational assets, and hence ft)r taking reasonable steps for the prevention and detection of fraud, error and other irregularltles. /£/l_. Janlne Asquith Trustee Slgned on behalf of Klrk Session. Davld Mullan Trustee Signed on behalf of Klrk Sesslon. Date Date Page 4 GI￿n80M)leY Presbyterian Church slatement of finandal Actlvities (fjncorporating the Income and Expenditure Account) fOrthe year ended 31 December 2024 2024 Total 2023 Total Unrestrlcted Restrlcted Endowment Notes IrKome from: Rtyular Drect Giving LThatlons & Legacies olher Trading Aclivilles Iriv88tment Income other Incom8 Sources 140,002 88,374 228.376 196.250 29,311 1 .282 246 3.592 1.(K19 2.055 246 2,966 246 4.327 1,361 TOtsI Income 142A22 93ffi41 236,063 230.681 Expendlture On Central Church As8888ments Mlnlsters Stlpend & Costs Mlnlsty & SupF*Xt staff W(Kship & Fellowship D15clplgshlp & Mlnlstry Mlssion & Outreach Gov8m8nce Property & Equipment Unhed Appeal Grants to Mlsslons & Charities 22.523 53,859 16,015 2.742 1.848 15.760 2,804 24,046 22.523 53.859 16.015 3,115 2,023 25.465 2.804 88.030 10.431 18,030 22.351 51.804 16.483 2.661 2.205 9.094 3,162 101.247 11,061 14.232 373 175 9.705 63,984 10,431 17.930 100 Total Expendlture 139,697 102,598 242,295 234,300 Net Income forthe Year 2,725 18,9571 16.2321 {3.6191 Transfer8 64 {500) Net Movement In Funds 3.225 19.4571 16,232) 13,6191 Recon¢lllatlon of Funds Fund balances brought foplvard 240,133 127.713 5.fTh 372.846 376.465 Fund balances tarrfed forward 243,358 118.256 5.000 366.614 372,846 All Income derivès from continuiTrJ activitlos. thoreforo no statement of recognlsed galns or losses Is glven Glengormley Presbyterlan Church Balance Sheet as at 31 December 2024 Notes 2024 2023 Flxed assets rangible Fixed Assets 166,028 152,568 Qirrent assets Debtors Cash at bank & in hand 34,830 165 756 200,586 28,070 192 208 220,278 Current Llabllltles Credltors Net Current Assets 200,586 220,278 Net Assets 366 614 372 846 Funds Restrlcted Fund• 118,256 127.713 Endowment Funds 5,000 5,000 Unrestricted Funds 243 358 240 133 366 614 372 846 For the year ended 31 Decernber 2024 the charlty was entstled to exemption from audit under sectlon 65 of the Charities Act (Northern Ireland) 2008. Trustees, respon55billtle5: The members have not requlred the charlty to obtaln an audlt of Its accounts for the year In questlon in accordance wlth sectlon 65; and The trustees acknowledge their responsibllltles for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financlal statements were approved by the members of the Klrk Sesslon and are slgned on their behalf by: Janine Asqulth Trustee Date %-3-2L)'&S ' Date avi Trustee an The notes on pages 7 to 10 form an intsgral part of these financial statements. Page 6 Glengormley Presbyterian Church Notes to the Financial Statements for the year ended 31 December 2024 l• Accounting Poliaes a? Basis of Preparation Trie finanaal statements have been prepared In accordance wlth Accounting and Reportlng by CDarities: Statement of Recommended Practice applicable to charlties preparin9 thelr accounts in accordance wlth the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102) (effective l January 2019) and the (Charlties SORP (FRS 102), the Financial Reportlng standard applicable in the UK and Republic of Ireland (FRS 102). Glengormley Presbyterlan Church meets the deflnitlon of a publlc benefit entity under FRS 102. Assets and liabilities are initially recognised at historlcal cost or transaction value unless otherwise stated In the relevant accounting pollcy notes. b) Preparatlon of tho accounts on a golng concern basls Glengormley Presbyterian Church has prepared the accounts on a going concern basis. The balance sheet Is strong wlth strong contlnued support by the members. c) Income Income Is recognised when the charlty has entitlement to the funds, condltlons attached to the item(s) of Income have been met, It Is probable that the income wlll be re￿IVed and the amount can be measured ￿lIably. Income from government and other grants, whether'capital, grants or 'revenue' grants, Is recognlsed when the charlty has entltlement to the funds, any performance condltlons attached to the grants have been met, it Is probable that the Incorne wlll be received and the amount can be measured reliably and is not deferred. d) Donated servlces and facllltles In accordance wlth the Charitles SORP (FRS 102), the general volunteer tlrne of the Charity's volunteers Is not recognlsed financially In the Statement of Flnanclal Activities but their valuable contribution is acknowledged In the Trustees, Report. e) Interest recelvable Interest on funds held on deposlt Is Included when receivable and the amount can be measured reliobly by the charity, thls Is nomially upon notlficatlon of the Interest pald or payable by the Bank. f) Fund Accounting Unrestricted funds are available for use at the discretion of the Congregational Committee in furtherance of the obJectlves of the charity. Deslgnated funds comprise unrestrlcted funds that have been set aside by the Congregatlonal Committee for particular purposes. General funds may be transferred to designated funds where the Congregatlonal Committee wlsh to use these funds for a specific purpose. Such funds may be transferred back to general funds On￿ the criteria for the deslgnation have been met or are no longer appllcable. Restrlcted funds are subjected to restrictlons on thelr expenditure imposed by the donor or through the term5 of the appeal. g) Expenditure and irrecoverable VAT Expenditure is recognlsed once there is a legal or constructlve obligation to make a payment to a thlrd party, It Is probable that settlement will be requlred and the amount of the obllgatlon can be measured reliably. P8g8 7 Glengormley Presbyterlan Church Notes to the Financial Statements for the year ended 31 December 2024 l. Accountlng Policies ctd... g? Expenditure and Irrecoverable VAT ctd... E)